Practice Management

Large losses at law firms have been “trending up” and firms should look at their culture to address often simple errors caused by stress, pressure or fatigue, a professional indemnity insurer has said.

Axiom Ince’s history of consolidating law firms with financial issues saw its turnover quadruple in just three years even before the Ince & Co and Plexus Law deals, its joint administrators have revealed.

The arrival of generative AI has turned the process of legal tech purchasing and adoption “on its head”, the head of innovation and legal technology at national firm Addleshaw Goddard has said.

Law firm innovator Alice Stephenson has turned her business into an unregulated practice, citing problems with HM Revenue & Customs and the costs of running a regulated law firm.

Hull-based Hudgell Solicitors has become one of the largest law firms to date to become employee owned, after founder Neil Hudgell decided to transfer the majority of shares to an EOT.

A law firm was entitled to summarily dismiss a trainee solicitor who forwarded client-related emails to a private email account, an employment tribunal has ruled.

Private equity-owned Stowe Family Law has made its third acquisition in the past 18 months by buying Crisp & Co, a 17-office practice based in the South-East.

One of the law firms that led the way in diversifying a personal injury practice into one handling a wide range of consumer claims has filed a notice to appoint administrators.

Junior lawyers want the right to refuse to work on certain matters for ethical reasons, but few firms currently allow it, research has found. They are frustrated too by the slow pace of cultural change.

Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing, while Mayo Wynne Baxter has unveiled a deal too.